Market Overview:
The global Rhodium Electrolytes market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The strong sulphuric type segment is expected to hold the largest share of the market in 2018, while the strong acidic type segment is projected to grow at the highest CAGR during the forecast period. The jewellery application segment is estimated to account for majority of the global Rhodium Electrolytes market in 2018, followed by watches and writing instruments applications respectively. In terms of region, North America accounted for majority share of global Rhodium Electrolytes market in 2017 and it is projected to maintain its dominance throughout 2030.
Product Definition:
A Rhodium Electrolyte is a soluble compound that, when added to water, forms a solution capable of conducting electricity. The importance of Rhodium Electrolytes is that they are used in electroplating processes to coat objects with a thin layer of metal.
Strong Sulphuric Type:
Strong sulfuric acid is a form of sulfuric acid that has more than the usual concentration of hydrogen sulfate. It is used in various applications such as metal deoxidization, lead-acid battery electrolyte, and as a reagent for measuring pH value. The strong type can be differentiated from the normal type by observing their respective reaction with silver nitrate solution.
Strong Acidic Type:
Strong acidic type is used in the rhodium electrolytes market owing to its ability to provide high ionic strength solutions. Strong acidic solutions are also known as strong halides, they have a pKa value greater than or equal to 7 and less than or equal to 8.
Application Insights:
The jewelry application segment led the global market in 2017 and is projected to witness significant growth over the forecast period. The rising demand for rings, bracelets, necklaces and earrings from various end-use industries including retail has been fueling the product demand in this application. Moreover, increasing consumer disposable income levels coupled with a growing preference for luxury products is expected to drive industry expansion over the coming years.
Rising use of rhodium as an alloy component in manufacturing jewelry has been driving its consumption globally. Rhodium-plated jewelry items have high resistance against corrosion caused by saltwater or sweat which increases their durability compared to regular silver-based or gold-based jewelry items.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing a growing demand for jewelry, watches, and other luxury goods since 2010s. Growing disposable income of consumers coupled with increasing purchasing power is projected to drive product demand further.
North America emerged as the second-largest regional market in 2017 owing to high consumption of rhodium for catalytic converters on vehicles. Increasing production capacities of electronic devices such as laptops and mobiles by various companies including Samsung Electronics, LG Chem Ltd., Foxconn Technology Group are anticipated to propel product use in this application segment over the forecast period.
Europe accounted for a significant share of global consumption due to presence of major automobile manufacturers such as Daimler AG; BMW AG; Volkswagen Group PLC.; Ford Motor Company; Fiat Chrysler Automobiles N.V.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This will lead to an increase in the demand for Rhodium electrolytes, as they are used in electric vehicle batteries.
- Growing investments in renewable energy: Governments and private investors are increasingly investing in renewable energy sources such as solar and wind power. This is expected to drive the growth of the Rhodium electrolytes market, as these batteries are used in solar and wind power plants.
- Rising awareness about climate change: There is a growing awareness about climate change among consumers and businesses alike. This is driving investments in clean energy technologies such as Rhodium electrolytes, which help reduce greenhouse gas emissions from power plants.
Scope Of The Report
Report Attributes
Report Details
Report Title
Rhodium Electrolytes Market Research Report
By Type
Strong Sulphuric Type, Strong Acidic Type
By Application
Jewelery, Watches, Writing Instruments, Other
By Companies
Uyemura, Umicore, METAKEM
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
184
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Rhodium Electrolytes Market Report Segments:
The global Rhodium Electrolytes market is segmented on the basis of:
Types
Strong Sulphuric Type, Strong Acidic Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Jewelery, Watches, Writing Instruments, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Uyemura
- Umicore
- METAKEM
Highlights of The Rhodium Electrolytes Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Strong Sulphuric Type
- Strong Acidic Type
- By Application:
- Jewelery
- Watches
- Writing Instruments
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Rhodium Electrolytes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Rhodium is a rare and expensive metal that is used in many different types of electronic devices. Electrolytes are chemicals that help to conduct electricity. Rhodium electrolytes are used in some types of batteries to make them last longer.
Some of the major players in the rhodium electrolytes market are Uyemura, Umicore, METAKEM.
The rhodium electrolytes market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Rhodium Electrolytes Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Rhodium Electrolytes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Rhodium Electrolytes Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Rhodium Electrolytes Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Rhodium Electrolytes Market Size & Forecast, 2020-2028
4.5.1 Rhodium Electrolytes Market Size and Y-o-Y Growth
4.5.2 Rhodium Electrolytes Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Strong Sulphuric Type
5.2.2 Strong Acidic Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Jewelery
6.2.2 Watches
6.2.3 Writing Instruments
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rhodium Electrolytes Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Rhodium Electrolytes Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Strong Sulphuric Type
9.6.2 Strong Acidic Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Jewelery
9.10.2 Watches
9.10.3 Writing Instruments
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Strong Sulphuric Type
10.6.2 Strong Acidic Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Jewelery
10.10.2 Watches
10.10.3 Writing Instruments
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Strong Sulphuric Type
11.6.2 Strong Acidic Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Jewelery
11.10.2 Watches
11.10.3 Writing Instruments
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Strong Sulphuric Type
12.6.2 Strong Acidic Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Jewelery
12.10.2 Watches
12.10.3 Writing Instruments
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Strong Sulphuric Type
13.6.2 Strong Acidic Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Jewelery
13.10.2 Watches
13.10.3 Writing Instruments
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Rhodium Electrolytes Market: Competitive Dashboard
14.2 Global Rhodium Electrolytes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Uyemura
14.3.2 Umicore
14.3.3 METAKEM
